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Reply #10: GOP's State of the Union Responder Would Set Higher Taxes on Middle-Class Than Millionaires [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-11 07:16 AM
Response to Reply #7
10. GOP's State of the Union Responder Would Set Higher Taxes on Middle-Class Than Millionaires
http://www.truth-out.org/gops-state-union-responder-would-set-higher-taxes-middle-class-than-millionaires67070

...Ryan has gained a (largely unearned) reputation as a fiscal hawk due to his radical Roadmap for America’s Future, under which the U.S. budget will eventually be balanced (after federal debt surpasses 100 percent of GDP), mostly via privatizing Social Security and Medicare.

According to an analysis by Citizens for Tax Justice, the Roadmap would raise taxes on 90 percent of Americans, while dramatically lowering them for millionaires. In fact, a new analysis from the Economic Policy Institute found that Ryan’s plan would ultimately translate into middle-class tax rates being higher than those for millionaires...
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